According to FASB ASC 830,Foreign Currency Matters,which of the Following

question 11

Multiple Choice

According to FASB ASC 830,Foreign Currency Matters,which of the following conditions would indicate that a foreign subsidiary's functional currency is the parent company's currency?

• A)active local sales market
• B)sales price not affected by changes in exchange rate in the short run
• C)high volume of intercompany transactions
• D)All of the above are indicators that the functional currency is the parent company's currency.

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Definitions:

Demographic Transition View

A theory describing the transition from high birth and death rates to lower birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Population Growth

The increase in the number of individuals in a population, due to factors like birth rates exceeding death rates.

Sociocultural Considerations

Aspects of social and cultural contexts that influence behaviors, practices, and policies, recognizing the impact of societal and cultural factors.

Economic Security

The condition of having stable income or other resources to support a standard of living now and in the foreseeable future.